Sonic NNN
For Sale
Contact for pricing
1301 N Velasco Street, Angleton, TX 77515
Operating restaurant subject to an absolute NNN lease with scheduled rent increases and a percentage-rent provision.
Property SizeContact for details
Days on Market141
Property Features for 1301 N Velasco Street
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Sands Investment Group
Listed By:
Max Freedman · License #TX 644481
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 7:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group
Investment Insights
Based on property information with market context.
The property is a 1,434-square-foot Sonic restaurant at 1301 N Velasco Street in Angleton, Texas. The asset is occupied under an absolute triple-net lease, placing the property within the NNN category identified for the offering.
The lease has approximately 15 years remaining and includes 10% rent increases at five-year intervals. In addition to base rent, the agreement provides bonus rent equal to 7% of gross sales above the base-rent threshold. The combination of a defined remaining term, contractual escalations, and percentage-rent participation establishes the principal lease features of this single-tenant restaurant property.
The lease has approximately 15 years remaining and includes 10% rent increases at five-year intervals. In addition to base rent, the agreement provides bonus rent equal to 7% of gross sales above the base-rent threshold. The combination of a defined remaining term, contractual escalations, and percentage-rent participation establishes the principal lease features of this single-tenant restaurant property.
Key Highlights
- 1,434‑square‑foot Sonic restaurant at 1301 N Velasco Street in Angleton, TX
- Approximately 15 years remaining on the lease
- Absolute triple‑net lease structure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
288k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Superstores 22%
Groceries 14%
Shops & Services 14%
Walmart
Superstores
64,463 visits/mo
0.3 miles
Kroger
Groceries
30,291 visits/mo
0.3 miles
McDonald's
Dining
30,151 visits/mo
0.1 miles
Whataburger
Dining
22,600 visits/mo
0.2 miles
Starbucks
Dining
14,688 visits/mo
0.1 miles
Demographics for 77515, TX
32,710
Population
13,127
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
204.5 sq mi
ZIP Area
160
Density / Sq Mi
$89,029
Median Household Income
$48,097
Median Earnings
$1,024
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Operating restaurant subject to an absolute NNN lease with scheduled rent increases and a percentage-rent provision.
Where is this nnn property located?
The property is located at 1301 N Velasco Street Angleton, TX.
What are key features of this property?
This property features: 1,434‑square‑foot Sonic restaurant at 1301 N Velasco Street in Angleton, TX; Approximately 15 years remaining on the lease; Absolute triple‑net lease structure
